Zojirushi (TSE:7965) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:7965 Zojirushi Corp TSE:7965
80 GF Score
Price 円1,458.00
GF Value 円1,866.47
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Zojirushi Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Zojirushi  (TSE:7965) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Zojirushi Cyclically Adjusted PB Ratio Related Terms


Zojirushi Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Zojirushi's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Zojirushi Cyclically Adjusted PB Ratio Chart

Zojirushi Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.70 1.57 1.42 1.31 1.35

Zojirushi Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.13 1.39 1.35 1.32 1.14

TSE:7965 vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Zojirushi's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Zojirushi Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Zojirushi's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Zojirushi's Cyclically Adjusted PB Ratio falls into.


TSE:7965
80GF Score
Zojirushi Corp TSE:7965
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zojirushi Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Zojirushi's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 is calculated as:

For example, Zojirushi's adjusted Book Value per Share data for the three months ended in May. 2026 was:

Adj_Book=Book Value per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=1449.053/113.5000*113.5000
=1,449.053

Current CPI (May. 2026) = 113.5000.

Zojirushi Quarterly Data

Book Value per Share CPI Adj_Book
201608 885.643 97.900 1,026.767
201611 904.912 98.600 1,041.658
201702 969.202 98.100 1,121.350
201705 981.901 98.600 1,130.282
201708 970.230 98.500 1,117.981
201711 1,001.533 99.100 1,147.064
201802 1,036.238 99.500 1,182.040
201805 1,036.284 99.300 1,184.474
201808 1,019.594 99.800 1,159.558
201811 1,031.964 100.000 1,171.279
201902 1,039.437 99.700 1,183.311
201905 1,049.832 100.000 1,191.559
201908 1,030.646 100.000 1,169.783
201911 1,050.513 100.500 1,186.400
202002 1,074.656 100.300 1,216.086
202005 1,061.624 100.100 1,203.740
202008 1,063.577 100.100 1,205.954
202011 1,078.456 99.500 1,230.199
202102 1,107.623 99.800 1,259.671
202105 1,128.946 99.400 1,289.088
202108 1,116.570 99.700 1,271.120
202111 1,136.117 100.100 1,288.205
202202 1,167.730 100.700 1,316.160
202205 1,196.817 101.800 1,334.369
202208 1,203.336 102.700 1,329.880
202211 1,201.355 103.900 1,312.356
202302 1,209.721 104.000 1,320.224
202305 1,226.978 105.100 1,325.043
202308 1,230.289 105.900 1,318.582
202311 1,260.493 106.900 1,338.316
202402 1,282.394 106.900 1,361.569
202405 1,330.116 108.100 1,396.560
202408 1,323.445 109.100 1,376.820
202411 1,330.900 110.000 1,373.247
202502 1,370.398 110.800 1,403.792
202505 1,365.550 111.800 1,386.314
202508 1,352.557 112.100 1,369.449
202511 1,410.955 113.200 1,414.694
202602 1,440.296 112.200 1,456.984
202605 1,449.053 113.500 1,449.053

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Zojirushi (TSE:7965) Overvalued in 2026?

Based on GuruFocus' analysis, Zojirushi stock appears to be undervalued. The current stock price of 円1,458.00 is trading 21.9% below its estimated GF Value™ of 円1,866.47. GuruFocus considers Zojirushi to be Modestly Undervalued.

Key valuation signals for TSE:7965:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: 円1,866.47 vs. price of 円1,458.00 (21.9% below fair value)
  • GF Score™: 80/100 with 1 warning sign

No single metric tells the full story. See the TSE:7965 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zojirushi Business Description

Other Exchanges ZOJIF:USA
Address 1-20-5, Tenma, Kita-ku, Osaka, JPN, 530-8511
Zojirushi Corp engages in the manufacturing and sales of cooking appliances, household appliances, living products and related businesses. Its products include Rice cookers/warmers, Electric pots, Electric kettles, Electric griddles, Coffee makers, Oven ranges, Glass carafes, Stainless-steel vacuum bottles, Stainless-steel tumblers, Stainless-steel food jars, Thermal lunch boxes, Stainless-steel carafes, Steam humidifiers, Air cleaners, Dish dryers, and Bedding dryers.
80GF Score

Get the complete analysis for TSE:7965

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,458.00
Price
円1,866.47
GF Value